The UK should provide leadership in international digital currency technical standards-setting regardless of whether it decides to deploy a digital Pound. Roxana Mohammadian-Molina, chief strategy officer, Blend Roxana Mohammadian-Molina, chief strategy officer at Blend, states that the financial technology prowess ...
CryptoUpdateClub Latest Articles
Bank profits at risk from potential CBDC transformation of global economy: Moody’s
admin
Emerging central bank digital currency cross-border transaction technology could transform the global economy by providing faster, cheaper and safer services for many of its players. But banks may not fare as well in that new economy, Moody’s Investor Service said ...
Adopting CBDC could destabilize banks, help households, US Treasury study says
admin
Fully integrating a stablecoin or central bank digital currency (CBDC) into the economy would destabilize banks but improve household welfare, a study released by a United States Treasury division has claimed. The harm to banking caused by the digital currencies ...
Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
admin
Nearly 18 months after launching its in-house central bank digital currency (CBDC), the eNaira, Nigeria is seeing increased adoption in the CBDC as national fiat reverses face severe shortages. The acute cash shortage in Nigeria was due to the central ...
US Senator Ted Cruz tries again with new bill to block CBDC
admin
Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (CBDC). In a March 21 statement, Cruz said he introduced the bill to prevent the Fed from ...
IMF examines CBDC design in context of Islamic banking, finds some risks magnified
admin
A central bank digital currency can impact monetary policy by increasing money velocity, disintermediation, volatility of bank reserves, currency substitution and altered capital flows, even when it is not designed to do so, according to a study published by the ...
Reserve Bank of Australia Unveils Proposed CBDC Use Cases – Featured Bitcoin News
admin
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie ...
Australian central bank to launch ‘live pilot’ of CBDC in coming months
admin
Australia’s central bank is set to launch a “live pilot” of a central bank digital currency “in the coming months,” according to a joint statement from the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre, an Australian ...
IMF offers Jordan’s central bank recommendations for implementing retail CBDC
admin
The Central Bank of Jordan is closer to its next step toward a retail central bank digital currency (rCBDC) with the completion of an International Monetary Fund technical report on the country’s markets. The IMF conducted a three-month mission last ...
Nigerian Central Bank Seeks New CBDC Tech Partner — Bank Urged to Improve E-Naira User Experience – Africa Bitcoin News
admin
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a ...